Yes, energy costs are (unnecessarily) high. Very high demand from emerging countries like China and India along with our unwillingness to pursue our own energy resources.
Wait I thought the stock market was only for the filthy rich.
We have an employment rate of over 94%. Yes, could be better, but higher taxes and more regulations won't make it so. Just look at Europe.
We as Americans do complain too much. We are lamenting about our (non-existent) economic recession. Our Q2 GDP grew 3.3%. Again, most countries in Europe would kill for our economy.
The Euros are so jealous.Unemployment Rate Rises to 6.1%
By MICHAEL M. GRYNBAUM
Published: September 5, 2008
The unemployment rate jumped to 6.1 percent in August, its highest level in five years, as the erosion of the job market showed no sign of slowing.
Employers cut 84,000 jobs last month, more than economists had expected, and the Labor Department said that more jobs were lost in June and July than previously thought.
So far, 605,000 jobs have disappeared since January. The unemployment rate, which rose from 5.7 percent in July, is now at its highest level since September 2003.